Wayne,
I am inclined to agree. A discerning eye can also make out the edge of North Hill Country Club (within a mile of Lulu/Manny's).
North of the turnpike, Squire's, Talamore, Old York and Commonwealth are all within 2 miles of each other and maybe 4 miles from Lulu/Manny's.
To the west is Whitemarsh, Philly Cricket, Sunnybrook, Sandy Run, and The ACE Club.
Throw in Spring Mill, Huntingdon Valley, Doylestown, Jericho, Lookaway, Philmont, Torresdale within 10 miles.
Couple that with a void in public golf (Five Ponds, Horsham Valley, Fairways, Island Green, Bucks County Country Club, and Makefield Highlands, with the latter one being the only one really worth the price) and you have a very saturated private club market.
Aggresive newcomers like Talamore are attemping to keep the bottom line up with a dozen different types of membership that feature certain amounts of rounds and range privileges for members at the older clubs. All watering down the amount of golf one plays at their "home" club.